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| | US$1.3m bicycle factory to be constructed at Kyaukse (Site not responding. Last check: 2007-08-17) |
 | | The factory is one of several being built by Myanma General and Maintenance Industries, under the Ministry of Industry (1), using funds from a $15 million loan provided early last year by India, according to a source close to the project. |
 | | A total of $4.8 million from the loan was allocated to MGMI, which is also building a sewing machine plant at Kyaukse, as well as a textile finishing factory. |
 | | The bicycle factory is due to go into production in April and will make 70 per cent of the parts needed for each machine, including rims, frames, forks, mudguards, chain guards, carriers and spokes. |
| www.myanmar.gov.mm /myanmartimes/no103/myanmartimes6-103/New/14.htm (397 words) |
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